Author Question: Economists use the word capital to mean A) purchases in the market for stocks and bonds. B) the ... (Read 199 times)

roselinechinyere27m · **on:** Jun 29, 2018

Economists use the word capital to mean

A) purchases in the market for stocks and bonds.
B) the tools, instruments, and other produced goods used to produce goods and services.
C) the workers that firms employ to produce goods and services.
D) the funds that firms use to buy and operate their businesses.
E) people's skills and talents.

Question 2

The idea of the multiplier is that a change in ________ expenditure changes real GDP, which then changes ________ expenditure. The change in total expenditure will be larger than the initial change in ________ expenditure.

A) induced; induced; autonomous
B) induced; autonomous; induced
C) autonomous; induced; autonomous
D) induced; autonomous; autonomous
E) autonomous; induced; induced